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Golden Knights Up To 13th In Forbes Valuation List

(Photo Credit: Photographer Brandon Andreasen)

Three years ago, the Golden Knights were just getting their name and most of the world still believed the idea of hockey in Las Vegas was a boondoggle.

Three days ago, Forbes released its NHL franchise valuation list and the Vegas Golden Knights came in 13th place with a current value of $580 million.

On June 22nd, 2016, The Creator agreed to pay $500 million for the NHL’s 31st franchise. It was widely considered an overpay but not only did he not believe that (he once told me it would be worth a billion eventually), he also didn’t seem to care.

Not even four years later, his investment is up 16% and the business of hockey is absolutely booming the Vegas valley.

Forbes values the Knights at $580 million, on $167 million in revenue over the past year and $33 million in operating income, the tenth-highest among the league’s 31 teams. –Christina Settimi,

They continue to dominate TV ratings. The team has more than 100 different sponsors. And it’s impossible to drive a mile in this city without seeing a Golden Knights license plate.

The Golden Knights were listed at exactly $500 million in the first year they appeared on the Forbes list. They went up to $575 million last year, and now $580 million this season.

Vegas is $20 million behind 12th place and more than a billion dollars away from the New York Rangers at the top of the list.

Still a ways to go up that list, but I wouldn’t put it past The Creator to be in the top 10 before you know it.

Vegas Golden Knights Rank 14th On Forbes NHL Franchise Valuation List

Every year Forbes releases a list of the most valuable franchises in the NHL. The leader, for the third straight year, is the New York Rangers coming in at $1.5 billion. For this year, the Vegas Golden Knights were simply slotted in at the price The Creator paid for the franchise, $500 million.


The interesting number is the Golden Knights debt to income ratio, which is listed at 42%. Having no historical data to go off, it’s hard to determine where that number should be less than two years into existence and without a full season under their belt, but it’s certainly a number to keep our eyes on.

Next year’s chart will be much more telling as Forbes will estimate the Golden Knights revenue and operating income which will shift the debt ratio.

The $500 million fee paid by the Golden Knights to become the NHL’s 31st team this season as a base line for the value of hockey teams illustrates the league’s enormous financial success as it has grown from six to 31 franchises. -Mike Ozanian, Forbes

The Maple Leafs, Canadiens, and Blackhawks were the only other teams that checked in at over $1 billion.

Based on the rousing success the Golden Knights have had on the ice, as well as with ticket sales, merchandise, and sponsorship, we can reasonably expect the Golden Knights to move up near the top 10 by next year.

He may still have his mind on “Playoffs by three, Cup by six,” but a spot amongst the NHL’s elite in valuation is something The Creator is also dying to see.

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